There Is No XRP Supply Shock on Exchanges—Analyst Says
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An analyst claims there is no XRP supply shock, as around 16 billion XRP is currently available on exchanges. XRP can be transferred to exchanges in seconds, allowing for quick changes in supply based on market demand. Order books for XRP can also fluctuate rapidly, enabling immediate trading opportunities.
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- Around 16 billion XRP is available on exchanges for active trading.
- XRP can be moved to exchanges in seconds when demand rises.
- Order books change quickly, making supply appear and disappear fast.
A crypto analyst has pushed back against growing claims that XRP is facing a supply shock. According to him, that fear is being overstated.
He says around 16 billion XRP is already sitting on exchanges, ready to be traded. He argues, it would be sufficient for buyers who want exposure to XRP right now.
Moving XRP Takes Seconds, Not Days
Even when XRP is held off exchanges, supply can quickly reappear. The analyst explained that anyone holding XRP in a private wallet can send it to an exchange in just three to four seconds. Because of this speed, available supply can change almost instantly depending on market conditions.
Order Books Change Fast
XRP’s order b…
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